The new lease by Valent USA now puts Canyon Corporate Park at 100% leased.
SAN RAMON, CA—The three-building Canyon Corporate Park located at 4600 Norris Canyon Rd. was built in 1984 by a single user. The park's three-story office building was sold to Kaiser several years ago, and a joint venture of Cannae Partners LLC and New York Life Investors purchased the two remaining buildings out of default in 2014, GlobeSt.com learns.
The joint venture purchased the buildings with the intent of modernizing the project, which was accomplished recently. Fast forward four years and a nearly 100,000-square-foot lease in the corporate center represents the largest new R&D lease in the Tri-Valley since the second quarter of 2016.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
